Form 4: Alaska Air Group EVP and CFO Shane Tackett Reports Changes in Beneficial Ownership
SEC Form 4
Shane Tackett, EVP and CFO of Alaska Air Group, reports the vesting of restricted stock units and subsequent transactions affecting his beneficial ownership of company stock.
Summary
- On February 13, 2025, Shane Tackett, the EVP and CFO of Alaska Air Group, had 10,223 Restricted Stock Units (RSUs) vest and convert to common stock.
- He disposed of 4,023 shares to satisfy tax withholding obligations at a price of $72.54 per share.
- Following these transactions, Tackett directly owns 48,180 shares of common stock and indirectly owns 2,806 shares through the ESOP TRUST.
- He also directly owns 20,447 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person will vest in two further tranches of restricted stock units on February 13, 2026 and February 13, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | Date of common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust. |
| 02/13/2025 | Date of earliest transaction, vesting of 10,223 Restricted Stock Units (RSUs), and disposition of shares for tax obligations. |
| 02/13/2026 | Date of next vesting of 10,223 shares of Restricted Stock Units (RSUs). |
| 02/13/2027 | Date of final vesting of 10,224 shares of Restricted Stock Units (RSUs). |
| 02/14/2025 | Date of signature by power of attorney. |
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